ALLOCATION & IMPACT REPORTING 2021

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ALLOCATION & IMPACT REPORTING

2021

Reviewed by Sustainalytics Assured by PwC

© Sustainalytics 2021

Turkiye Sinai Kalkinma Bankasi A.S.

Type of Engagement: Annual Review Date: May 3, 2021 Engagement Team: Jhankrut Shah, [email protected], (+1) 647 264 6641 Tina Ghaemmaghami, [email protected], (+1) 647 264 6680

Introduction

In May 2016 and March 2017, Turkiye Sinai Kalkinma Bankasi A.S. (TSKB) issued two sustainability bonds

aimed at financing (i) Direct and Indirect Climate Change Mitigation projects, (ii) Climate Change Adaptation

projects and (iii) Sustainable Infrastructure projects. In May 2021, TSKB engaged Sustainalytics to review the

projects funded through the issued sustainability bonds and provide an assessment as to whether the projects

met the Use of Proceeds criteria and the Reporting commitments outlined in the TSKB Sustainability Bond

Framework.1

Evaluation Criteria

Sustainalytics evaluated the allocation and impact of the projects and assets funded up to December 31st 2020, based on whether the projects and programmes:

1. Met the Use of Proceeds and Eligibility Criteria outlined in the TSKB Sustainable Finance Framework;and

2. Reported on at least one of the Key Performance Indicators (KPIs) for each Use of Proceeds criteriaoutlined in the TSKB Sustainable Finance Framework.

Table 1 lists the Use of Proceeds, Eligibility Criteria, and the associated KPIs.

Table 1: Use of Proceeds, Eligibility Criteria, and associated KPIs

1 TSKB Sustainability Bond, Framework Overview and Second-Party Opinion, May 2016: https://mstar-sustops-cdn-mainwebsite-s3.s3.amazonaws.com/docs/default-source/spos/tskb-sustainability-bond-second-party-opinion-02052016.pdf?sfvrsn=dbdb70f5_3

TSKB Category

Use of Proceeds Category

Eligibility Criteria Key performance indicators (KPIs)

Direct and Indirect Climate Change Mitigation

Energy Efficiency

• Any reconstruction, expansion,

renovation or refurbishment measure

implemented within the premises of a

business entity or relocation of any

production facility and aimed at

investing into fixed assets that are

designed to decrease energy

consumption for every unit of service

output of the business entity or using

renewable or waste energy. Projects will

have the primary objective of improving

the efficiency of energy use (or

reducing specific energy consumption)

of the system directly affected by the

project and meet at least one of the

following criteria:

(i) at least fifteen per cent (15%)reduction in energy consumption

Annual CO2 emission reduction/avoidance (ton/year)

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measured for the specific investments which are financed; or

(ii) at least fifteen per cent (15%)reduction of CO2-emissions measuredfor the specific investments which arefinanced; or

(iii) show at least 50% of theincremental benefits (by incrementalbenefit, it is meant all benefits gainedwith the investment project such as rawmaterial savings, labor cost savings,maintenance cost savings, increase inrevenues etc.) from the investmentproject come from cost reduction inenergy consumption provided thatminimum five hundred (500) tons ofCO2 reduction per annum is achieved.Investments in Green Buildings(minimum certification levels ofBREEAM Good, LEED SILVER and DGNBSILVER).

Resource Efficiency

• Any greenfield, reconstruction,expansion, renovation or refurbishmentinvestments aimed to increase resourceefficiency, including but not limited to areduction in:

o water consumption (m3),o non-recoverable waste

(tonnes),o raw material/auxiliary

chemicals (tonnes)

Annual savings of relevant resource amounts (e.g. kWh/year and/or m3 water/year and/or ton raw material/year and/or ton CO2/year)

Wind Power Plants (onshore only)

• The development, construction and

operation of wind farms

• Operational production or

manufacturing facilities wholly

dedicated to wind energy developmentWholly dedicated transmissioninfrastructure for wind farms

Annual Electricity Generation amount (MWH), Annual Production amount (Kwh/year), Annual CO2 emission reduction (ton/year)

Solar Power (Photovoltaic)

• Solar electricity generation facilities

• Wholly dedicated transmission

infrastructure for solar electricity

generation facilities


Hydro Power Plants

• The development, construction and

operation of hydro power plants

• Operational production or

manufacturing facilities wholly

dedicated to hydro energy developmentWholly dedicated transmissioninfrastructure for hydro power plant


Biomass, waste to energy, biogas

• Technologies and projects for theconversion of organic matter to energy

Annual Electricity Generation amount (MWH), Annual Production amount (Kwh/year), Annual

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CO2 emission reduction (ton/year)

Clean Transport projects

• Promotion of lower-carbon fuels

• Electric or hydrogen technologies in

existing vehicles, rail or boat fleets

• Promoting urban mass transit, non-

motorized transport (e.g. pedestrian

mobility) improvement of the general

transport logistics to increase energy

efficiency of infrastructure and

transport.

• A shift of freight and/or passenger

transport from road to rail or waterways

Freight transported, what the transport route will be used for, GHG emission of rail route/ water route in comparison to road transport

Indirect mitigation: Manufacture and sale of finished products, when in use result in renewable energy generation, energy efficiency or GHG emission reductions

• Specific project loans going to specificproducts improving renewable energygeneration, energy efficiency or GHGemission reduction.

Production capacity of the produced component (unit/year); narrative reporting on the project

Climate Change Adaptation

Climate Change Adaptation Projects

Adaptation-related projects need to demonstrate

that they potentially contribute to reducing

vulnerability to climate change identified in the

project area. Projects should include:

• Description of the context of climate

vulnerability of the project based on an

investigation of the vulnerabilities of the

project’s geographical area to climate

change.

• Analysis of the project’s planned

activities to decipher a positive list of

actions that contribute to reducing

vulnerability, or increase the resilience

of communities, goods or ecosystems

to climate change.

• Provision of a clear link between the

climate vulnerability context and the

specific project activities.

• Evidence that the project does not have

negative impacts in terms of climate

change mitigation (e.g. enhancing

carbon intensive infrastructures).

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Issuing Entity’s Responsibility

TSKB is responsible for providing accurate information and documentation relating to the details of the projects that have been funded, including description of projects, amounts allocated, and project impact.

Independence and Quality Control

Sustainalytics, a leading provider of ESG and corporate governance research and ratings to investors, conducted the verification of TSKB’s Sustainability Bond Use of Proceeds. The work undertaken as part of this engagement included collection of documentation from TSKB employees and review of documentation to confirm the conformance with the TSKB Sustainable Finance Framework.

Sustainalytics has relied on the information and the facts presented by TSKB with respect to the Nominated Projects. Sustainalytics is not responsible nor shall it be held liable if any of the opinions, findings, or conclusions it has set forth herein are not correct due to incorrect or incomplete data provided by TSKB.

Sustainalytics made all efforts to ensure the highest quality and rigor during its assessment process and enlisted its Sustainability Bonds Review Committee to provide oversight over the assessment of the review.

Sustainable Infrastructure

Social Infrastructure (Health and Education)

Projects should improve access to public

services for the wider population and promote

inclusiveness. High standards in technology,

health and safety as well as management

processes should be provided in the project

selection. Project location criteria can potentially

promote inclusiveness and the avoidance of

environmental risks. A formal Environmental and

Social Impact Assessment should be carried out

for each project.

Narrative reporting on

the project

Electricity Distribution Networks

Projects should aim at retro-fitting transmission

lines or substations to reduce energy use and/or

technical losses and to avoid electricity cuts.

Projects can also aim at improving existing

systems to facilitate the integration of renewable

energy sources into the grid or Scada System to

improve effectiveness. If possible, projects

selection can also incorporate geographical

aspects and favor projects in areas where

electricity losses are high and a large number of

customers/households would benefit from

modernization. If new transmission systems are

installed, these should facilitate the integration

of renewable energy sources into the grid or

extensions to serve the additional population

growth due to urbanization.

Investment per subscriber, investment per population

Ports The building or modernization of ports should

promote the modal shift of freight and/or

passenger transport from road to waterways and

ensure the resilience of ports to climate change

risks. Eligible investments could include port

integration, renovation and capacity increases

and infrastructure and superstructure

investments into existing ports.

Narrative reporting on social and environmental impact of investment

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Conclusion

Based on the limited assurance procedures conducted,2 nothing has come to Sustainalytics’ attention that causes us to believe that, in all material respects, the reviewed bond projects, funded through proceeds of TSKB’s Sustainability Bond, are not in conformance with the Use of Proceeds and Reporting Criteria outlined in the TSKB Sustainable Finance Framework. TSKB has disclosed to Sustainalytics that the proceeds of the sustainability bond were fully allocated as of December 31, 2018.

Detailed Findings

Table 3: Detailed Findings

Eligibility Criteria

Procedure Performed Factual Findings Error or Exceptions Identified

Use of Proceeds Criteria

Verification of the 31 projects funded by the sustainability bond in 2020 to determine if projects aligned with the Use of Proceeds Criteria outlined in the TSKB Sustainable Finance Framework and above in Table 1.

All projects reviewed complied with the Use of Proceeds criteria.

None

Reporting Criteria

Verification of the 31 projects funded by the sustainability bonds in 2020 to determine if impact of projects was reported in line with the KPIs outlined in the TSKB Sustainable Finance Framework and above in Table 1.

All projects reviewed reported on at least one KPI per Use of Proceeds criteria.

None

2 Sustainalytics limited assurance process includes reviewing the documentation relating to the details of the projects that have been funded, including description of projects, estimated and realized costs of projects, and project impact, which were provided by the Issuer. The Issuer is responsible for providing accurate information. Sustainalytics has not conducted on-site visits to projects.

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Appendices

Appendix 1: Allocation Reporting by Eligibility Criteria3

2016 Issuance 2017 Issuance

Amount allocated (USD)

Number of Projects

Amount allocated (USD)

Number of Projects

Renewable Energy 64,738,986 3 114,972,615 5

Energy Efficiency 5,500,000 1 54,596,909 5

Resource Efficiency 0 0 5,697,000 1

Health 73,374,170 1 69,501,985 1

Electricity Distribution 64,695,787 4 4,821,031 1

Ports 50,866,578 3 11,077,750 2

Total Allocated 259,175,521 12 260,667,290 15

Total Unallocated 0 0

3 As of December 31, 2020

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Appendix 2: Impact Reporting in FY 2020 by Eligibility Criteria

Use of Proceeds Category

2016 Issuance 2017 Issuance

Renewable Energy • 642,838,690 kWh energygenerated

• 360,891 tons CO2e avoided4

• 600,310,412 kWh energygenerated

• 393,090 tons CO2e avoided

Energy Efficiency • 3,057,000 kWh energy saved

• 1,715 tons CO2e avoided

• 28,056,743 kWh energy saved

• 19,209 tonnes CO2e avoided

Resource Efficiency

• N/A • 214,2 kg/ton reduction inannual raw materials used

Health • Hospital funded in Ankara(project not yet operational)

• The facility is expected to bevisited by approximately100,000 people daily

• Hospital in Isparta opened inMarch 2017 and has anintegrated health campus with atotal capacity of 830 beds

• It served 37,692 inpatient visitsannually and 1,268,719outpatient visits annually

Electricity Distribution

• 21,431,131 MWh energydistributed

• 6,760,193 subscribers served

• Investment per person on aproject level:5

o Project 1: 131 TLo Project 2: 165 TLo Project 3: 139 TLo Project 4: 122 TL

• 6,765,455 MWh energydistributed

• 1,159,000 subscribers served

• Investment per person on aproject level:o Project 1: 176 TL

Ports • Three ports funded:o Project 1: 8883,593

tons/year general cargohandling amount. Theexisting inactive port wasmodernized andrefurbished toaccommodate generalcargo, Ro-Ro andcontainer.

o Project 2: 762,000tons/year general cargohandling amount. Theadditional containerhandling capacity andgeneral increase inproductivity has increasedport efficiency.

o Project 3: 1,458,000tons/year general cargohandling amount. Theintegration andmodernization ofcontainer handling willboost the efficiency ofport operations.

• Two ports funded:o Project 1: 76,914 CUE/TEU-

year-Ro-Ro (twenty-footequivalent unit roll-on roll-off). This port facilitatesthe shift from landtransport to sea transport,reducing traffic, fuel useand carbon emissions byproposing new shorterpaths.

o Project 2: 82,718 tons/yeargeneral cargo handlingamount. This project helpsserves ships with higherdeadweight tonnage (DWT)capacity and efficiency incontainer handling,increasing port productivityand ability to serve theregion more effectively.

4 Estimated emissions avoided is calculated using the 2019 Turkish grid emissions factor of 0.659 for solar and wind projects, and 0.561 for other projects as the 2020 value is not yet available 5 Calculated as total investments in 2020 (TL) divided by the population of the area in 2020

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Disclaimer

Copyright ©2021 Sustainalytics. All rights reserved.

The information, methodologies and opinions contained or reflected herein are proprietary of Sustainalytics and/or its third party suppliers (Third Party Data), and may be made available to third parties only in the form and format disclosed by Sustainalytics, or provided that appropriate citation and acknowledgement is ensured. They are provided for informational purposes only and (1) do not constitute an endorsement of any product or project; (2) do not constitute investment advice, financial advice or a prospectus; (3) cannot be interpreted as an offer or indication to buy or sell securities, to select a project or make any kind of business transactions; (4) do not represent an assessment of the issuer’s economic performance, financial obligations nor of its creditworthiness; and/or (5) have not and cannot be incorporated into any offering disclosure.

These are based on information made available by the issuer and therefore are not warranted as to their merchantability, completeness, accuracy, up-to-dateness or fitness for a particular purpose. The information and data are provided “as is” and reflect Sustainalytics’ opinion at the date of their elaboration and publication. Sustainalytics accepts no liability for damage arising from the use of the information, data or opinions contained herein, in any manner whatsoever, except where explicitly required by law. Any reference to third party names or Third Party Data is for appropriate acknowledgement of their ownership and does not constitute a sponsorship or endorsement by such owner. A list of our third-party data providers and their respective terms of use is available on our website. For more information, visit http://www.sustainalytics.com/legal-disclaimers.

The issuer is fully responsible for certifying and ensuring the compliance with its commitments, for their implementation and monitoring.

In case of discrepancies between the English language and translated versions, the English language version shall prevail.

http://www.sustainalytics.com/legal-disclaimers

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About Sustainalytics, a Morningstar Company

Sustainalytics, a Morningstar Company, is a leading ESG research, ratings and data firm that supports investors around the world with the development and implementation of responsible investment strategies. The firm works with hundreds of the world’s leading asset managers and pension funds who incorporate ESG and corporate governance information and assessments into their investment processes. The world’s foremost issuers, from multinational corporations to financial institutions to governments, also rely on Sustainalytics for credible second-party opinions on green, social and sustainable bond frameworks. In 2020, Climate Bonds Initiative named Sustainalytics the “Largest Approved Verifier for Certified Climate Bonds” for the third consecutive year. The firm was also recognized by Environmental Finance as the “Largest External Reviewer” in 2020 for the second consecutive year. For more information, visit www.sustainalytics.com.

http://www.sustainalytics.com/

Appendix 1 – Calculation Principles

This document provides information on the data preparation and calculation methodologies of indicators within the scope of the independent assurance in the 2021 Allocation and Impact Reporting of the Türkiye Sınai Kalkınma Bankası (“Bank”). The calculations presented in the report were carried out based on the Company’s internally developed methodology. Information from public sources (e.g. transparency platform of Energy Exchange Istanbul (EXIST), Turkish Statistical Institute), as well as data and reports directly related to the projects have been used in the calculations.

General Reporting Principles

In preparing this guidance document, consideration has been given to following principles:

• Information Preparation – to highlight to users of the information the primary principles of relevance and reliability of information; and

• Information Reporting – to highlight the primary principles of comparability / consistency with other dataincluding prior year and understandability / transparency providing clarity to users.

Please find below the calculation details and methodology by theme for the projects that are financed under the subject Bonds proceeds.

Renewable Energy For projects in this type, the amount of annual GHG emissions reduced/avoided is calculated by using the amount of annual generated electricity and Turkey’s GHG grid emission coefficient which is calculated by the Bank's own methodology which is in line with United Nations Framework Convention on Climate Change (UNFCCC). Turkish grid emission factor used the Bank is 0.659 for solar & wind projects, and 0,561 for other projects.

The assumptions for calculating the reduction for each renewable energy efficiency ratio were based on using the Turkey sector average of the last three years of the different renewable energy sources. The estimated amount of annual generated electricity is based on further information requested from project companies and transparency platform of Energy Exchange Istanbul (EXIST). In addition, the calculations for Annual Allocated Amount from Bond / Total Annual GHG Emissions Reduced/Avoided were carried out with Loan Amount Financed with the Proceeds of Bond / (Total Investment Amount * Annual GHG Emissions Reduced/Avoided) formula.

Energy Efficiency For projects in this type, the amount of annual GHG emissions reduced/avoided is calculated by using the amount of annual energy savings and the Turkey’s grid GHG emission coefficient calculated by the Bank's own methodology which is in line with United Nations Framework Convention on Climate Change (UNFCCC). Turkish grid emission factor used the Bank is 0.659 for solar & wind projects, and 0,561 for other projects.

The annual improvement in energy efficiency and the amount of CO2 emissions avoided are evaluated through the reduction of energy use in relation to a replacement solution, which serves as the baseline for the calculations. The estimated amount of annual energy savings is based on the savings calculations carried out in the projects and the further information requested from project companies. In addition, the calculations for Annual Allocated Amount from Bond / Total Annual GHG Emissions Reduced/Avoided were carried out with Loan Amount Financed with the Proceeds of Bond / (Total Investment Amount * Annual GHG Emissions Reduced/Avoided) formula.

Resource Efficiency The amount of annual raw material savings (Electricity/Other) are evaluated through the reduction of energy or raw material use in relation to a replacement solution, which serves as the baseline for the calculations. The estimated amount of annual raw material savings is based on the savings calculations carried out in the projects and the further

information requested from project companies. These calculations are made per ton, then the raw material savings made over all produced product during the year. In addition, the calculations for Annual Allocated Amount from Bond / Total Annual Electricity/Other Saved were carried out with Loan Amount Financed with the Proceeds of Bond / (Total Investment Amount * Annual Raw Material Savings) formula.

Electricity Distribution Projects

The number of total subscribers, population of area and total energy distribution are based on further information requested from project companies, the Bank’s follow-up reports, transparency platform of Energy Exchange Istanbul (EXIST) and Turkish Statistical Institute statistics on provinces where electricity distribution is provided by the project companies. In addition, the calculations for Investment/person were carried out with Total Investment Amount / Population of Area formula; and for Investment/subscriber information Total Investment Amount / Total Subscriber formula is used.

Ports The amount of total handling capacity and handling amount of ports are based on further information requested from project companies, the Bank’s follow-up reports and consultant reports.

Health The number of annual in-patient visit and number of annual out-patient visit of hospitals are based on further information requested from project companies, sources of Ministry of Health and consultant reports. While the number of annual in-patient visit shows the number of incoming patients to the hospital on a daily basis, number of annual out-patient visit shows the number of patients who are treated and discharged from hospital on a daily basis and not hospitalized.

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T S K B S U S TA I N A B L E B O N D I S S U E S & S U S TA I N A B L E T I E R I I

T S K B S U S TA I N A B L E B O N D F R A M E W O R K | A L L O C A T I O N & I M P A C T R E P O R T I N G 2 0 2 0

Direct and Indirect Climate Change Mitigation

Sustainable Infrastructure

Climate Change Adaptation

Issued the first Green/Sustainable Bond out of Turkey and CEEMEA region in May 2016, TSKB subsequently realized the

globally first Sustainable Tier II Bond issuance in March 2017. TSKB committed to extend loans in accordance with the

Eligibility Criteria as described in the Sustainability Bond Framework which can be found in page 3 of this report. This is the

5th Allocation & Impact Report following 2017, 2018, 2019 and 2020. In addition to Sustainalytics review, PwC assurance

was obtained as well.

While Turkey has been heavily investing in climate mitigation investments since 2004, especially after the Paris

Agreement, the world has put its concentration mainly in renewable energy and energy and resource efficiency, as

the primary methods in tackling climate change. In transition to a low-carbon economy, for companies to be energy

and resource efficient and intent to develop renewable energies will be of vital importance.

To serve to aim of promoting sustainable growth and sustainable infrastructure improvements in Turkey; TSKB

included the health sector, ports and electricity distribution network investments into the scope.

Detailed information is available in the “TSKB Sustainability Bond Framework Overview and Second Opinion by

Sustainalytics” Report.

All selected projects are previously assessed by TSKB’s own Environmental and Social Risk Evaluation Tool (ERET),

which aligns with the IFC Performance Standards, in order to identify and rate risks associated with clients and

projects. All selected projects are subject to ongoing monitoring and supervision in terms of environmental and

social impacts.

Environmental rating methodology for ERET Model is continuously reviewed by TSKB teams, and the weights of

high risk issues in the calculation process are increased in line with changing requirements, thus paving the way to

mitigate the risky situations if any the risky issues.

Electricity DistributionNetworks

Social Infrastructure(Health and Education)

Ports

Energy & Resource EfficiencyRenewable Energy

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Management of Proceeds

Review by Sustainalytics

Assurance by PwC Allocation of the Proceeds (as of 31.12.2020)

TSKB fully disbursed the proceeds of the Green / Sustainable Bond and the Sustainable Basel III Compliant Tier-II Bond. Moreover, TSKB will continue to finance new eligible projects for the redemption amounts out of the subject portfolio, on a best effort basis.

TSKB had a selection of existing projects to support the bond sizes and has aimed to re-finance the outstanding project flow with the use of proceeds of the Bonds.

As a result of the assesment of the subject project in accordance with ERET model, no individual action was required. Until the full utilisation has got completed, the proceeds were held under a designated account, which is tagged within the accounting system for efficient monitoring of the related projects. TSKB has permitted transfers from this account to eligible projects only.

In some cases, the related component of a project supported by the Bonds could be a part of a larger investment. In such cases, the portfolio only finances the eligible portion of these investments.

The monitoring of the projects comprises regular reports by the Bank on project activities and performance throughout the lifetime of investment.

Sustainalytics reviewed the projects funded through proceeds obtained from Green /Sustainable Bond issuance in 2016 and Sustainable Bond issuance in 2017 and provided an assessment as to whether the projects as of 2020 year end met the Use of Proceeds criteria and the Reporting Commitments outlined in the Sustainability Bond Framework provided by Sustainalytics. As per the Conclusion of the Annual Review⁵ issued by Sustainalytics nothing has come to Sustainalytics' attention that causes Sustainalytics to believe that, in all material respects, the reviewed bond projects, funded through proceeds of TSKB's Sustainability Bond, are not in conformance with the Use of Proceeds and Reporting Criteria outlined in the TSKB Sustainability Bond Framework.

TSKB’s sustainable bonds have also been verified by PwC⁶. PwC has concluded that nothing has come to their attention indicating that the selected information for the year ended 31 December 2020 are not prepared in all material respects in accordance with the Company’s Eligibility Criteria as explained in the Report.

CATEGORY # of LOANS AMOUNT (USD)

Renewable Energy 3 179.711.601

HPP 9 63.959.337

SPP 1 779.649

WPP 5 110.472.615

Biomass 3 4.500.000

Energy Efficiency 6 60.096.889

Green Building 3 47.550.336

Energy Efficiency 3 12.546.553

Resource Efficiency 1 5.697.000

Health 2 142.876.155

Electricity Distribution 5 69.516.817

Ports 5 61.944.328

INSTRUMENT (ISIN) DUE DATE PRINCIPAL

XS1412393172 18.05.2021 USD 300,000,000

XS1584113184 29.03.2027 USD 300,000,000

5 TSKB Annual Review 2021, page 16 Limited Assurance Report, page 9

Eligible Loan Portfolio

Funding

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TSKB Impact Report is in line with the ICMA Green Bond principles¹ reference framework for reporting . The Impact Report includes the list of

projects that are financed under the subject Bonds proceeds, brief Project descriptions, the amounts committed and related environmental and/or

social impacts. In the calculation of GHG emission reductions/avoidance, TSKB’s internally and annually calculated Turkey’s Green House Gas (GHG)

Emission Factor (from Turkey’s Electrical Energy Production) value is utilized. TSKB’s emission factor calculation methodology is in line with United

Nations Framework Convention on Climate Change (UNFCCC) tool to calculate the emission factor for an electricity system. In the computations,

Turkey’s announced latest electricity statistics are used.

Impacts Measured

Eligible

Category

# of

Loans

Amount

(USD)

Annual Generation FY 2020

(Electricity) (kWh) (RM)

Annual GHG Emissions Reduced/

Avoided FY 2020* (ton/year)_RM

Annual Allocated Amount from Bond / Total Annual GHG

Emissions Reduced/Avoided FY 2020 (ton/year)

Renewable Energy

8 179.711.601 926.377.640 1,243,149,102 kwh 753.981

Annual Energy Savings FY 2020

(Electricity/Other) (kWh/year)

Annual GHG Emissions Reduced/

Avoided FY 2020* (ton/year)

Annual Allocated Amount from Bond / Total Annual GHG

Emissions Reduced/Avoided FY 2020 (ton/year)

Energy Efficiency 6 60.096.889 31.113.743 20.294 7.881

Annual Raw Material Savings

(Electricity/Other) (kWh/year)

Resource

Efficiency1 5.697.000

214,2 kg/ton specific reduction(7.497 tons/year raw material &

auxiliary chemicals)

Annual In-Patient Visit

Numbers FY 2020 (person.day)

Annual Out-Patient Visit Numbers FY

2020 (person)

Health 2 142.876.155 103 1.268.719

2020 Total Subscriber Population of the Areas - 2020 2020 Total Energy Distribution (MWh)

2020 Investment/person

2020 Investment/subscriber

Electricity

Distribution5 69.516.817 7.919.193 12.062.655 28.196.586 475 538

2020 Handling Capacity

Ports 5 61.944.328

13,000,000 ton year / general cargo3,130,000 TEU / year container

880,000 unit / year ro-ro600,000 m3 / year liquid

Impact of Green/Sustainable Bond Utilisation – Renewable Energy

A L L O C AT I O N & I M P A C T R E P O R T I N G


* Turkish grid emission factor was 0.659 for solar and wind projects, and 0,561 for other projects for year 2019 actualizations, 2020 grid emission is still at evaluation phase and final outcome will be declared end of June 2021. Until 2020 grid emission is declared, 2019 emission factor was used at the calculations.

¹ http://www.icmagroup.org/Regulatory-Policy-and-Market-Practice/green-bonds/

ALLOCATION & IMPACT REPORTING 2021

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